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let's say i'm someone working in a city that doesn't have any problems. the question those people are wondering, how safe is my pension? can we answer that definitively? >> not definitively. in most cases pensions are very well protected. you can look at the example of detroit. they had to go through banks result see proceedings to touch these. the burden of proof is on the city to make a case they are eligible and that's a high threshold. pension benefits are usually safe around the nation. pension benefits are protected for current employees and retirees. >> i'm looking at research that your own group put out saying 126 public plans were only 73% funded using the most optimistic pension return formula. 50% using the more conservative 5% return figure. what percentage are underfunded and not by just a little but in some cases by a lot? >> right, this is correct. those numbers are right. currently in 2012, based on 126 state and local pension plans that we maintain at the center, the funding rate owe was 73%. a lot of that unfunded lighty isn't due to cur
let's say i'm someone working in a city that doesn't have any problems. the question those people are wondering, how safe is my pension? can we answer that definitively? >> not definitively. in most cases pensions are very well protected. you can look at the example of detroit. they had to go through banks result see proceedings to touch these. the burden of proof is on the city to make a case they are eligible and that's a high threshold. pension benefits are usually safe around the...
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we now have the freedom chip, the one mile long 25 story tall megaship that is more like a floating city than a boat. it would carry up to 50,000 full-time residents. unclear how taxes would work for people there but they said it will not be registered in the united states. so uncle sam would not be able to get to people on that boat. >> stephen: that's right, the freedom ship with all the slick design of an unfinished parking garage. and everything the stateless billionaire tycoon needs to feel at home. banks, casinos, and a 1.7 million square foot international shopping mall. imagine, an enormous mall you never have to leave because you can't. it's up to you, another orange julius or a watery grave. and as for accommodations, freedom ship offers the ultimate in high net worth real estate. for as little as 9.1 million you can reserve a water view ultimate apex room boasting such luxury amenities as carpets, lights, and finished walls. what? finished walls! that's like the hot tub of blocking wind. (laughter) freedom ship is also for your freedom children who will receive the finest scho
we now have the freedom chip, the one mile long 25 story tall megaship that is more like a floating city than a boat. it would carry up to 50,000 full-time residents. unclear how taxes would work for people there but they said it will not be registered in the united states. so uncle sam would not be able to get to people on that boat. >> stephen: that's right, the freedom ship with all the slick design of an unfinished parking garage. and everything the stateless billionaire tycoon needs...
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Dec 5, 2013
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in denver and the cold air is coming down in oklahoma city. from 9 in denver for the high to 80 in dallas love field. this cold air is sinking out of canada all the way to the gulf coast. the problem is the gulf coast said it's still fall and it tries to send up moisture and humidity over the top of this cold air. we will get an ice storm throughout central part of the plains where it will be 30 degrees and raining. we say how are you going to do that? it will be 50 degrees aloft or 40 up in the sky. 5,000 feet. it's going to rain, but rain where it's 30. 31, 32 degrees. a little bit of snow in oklahoma city. this is not a snow maker. this is an ice machine for memphis and little rock and evansville. st. louis some snow, but the story is this ice sticking to everything. trees and power lines and millions of people will be without power. when it gets to new york into the east coast, it runs out of moisture. that's some good news. we won't put down the power lines. the central part of the country is in for it. this will get ugly fast. kids will
in denver and the cold air is coming down in oklahoma city. from 9 in denver for the high to 80 in dallas love field. this cold air is sinking out of canada all the way to the gulf coast. the problem is the gulf coast said it's still fall and it tries to send up moisture and humidity over the top of this cold air. we will get an ice storm throughout central part of the plains where it will be 30 degrees and raining. we say how are you going to do that? it will be 50 degrees aloft or 40 up in...
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Dec 5, 2013
12/13
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today his lawyer was at city hall and when he left he just chuckle. he didn't respond. >> for his talk, i've done a great job. if he's making pay offs and being extorted, that has to weigh heavily in terms of being able to function at the job if you're being extorted for large amounts of money. i also understand and this i find confusing, the cell phone video of ford allegedly smoking crack, i've seen reports that it's believed there is possibly a murder somehow wrapped up in this. >> right. >> there is a picture that -- from the toronto police that we're now showing that the man on the left in this picture is a man allegedly murdered. is it because of the video? >> right, this is a really complicated side story and i'll try to explain it really quickly and precisely. this man, anthony smith, was killed just days before the initial dealing called me saying they had this video, and that person said that the man -- anthony smith was killed because of the video. after the video story was published, members of the mayor's staff were telling each other tha
today his lawyer was at city hall and when he left he just chuckle. he didn't respond. >> for his talk, i've done a great job. if he's making pay offs and being extorted, that has to weigh heavily in terms of being able to function at the job if you're being extorted for large amounts of money. i also understand and this i find confusing, the cell phone video of ford allegedly smoking crack, i've seen reports that it's believed there is possibly a murder somehow wrapped up in this....
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the sound that is turning heads at the freedom tower in new york city. listen to this. [ strange sound ] >> does anyone know what that is? don't miss our report after this. >>> welcome back. right now a new mystery surround one world trade center. for about a year new yorkers have reported hearing an eerie sound coming from the newly constructed billing. they call it haunting, and it's got a lot of people talking. rick joins us now. you did some investigative work. what did you learn? >> reporter: there's clearly a noise. not clear where it's coming from. it's been dubbed the wailing world trade center. it is called eerie, haunting, moaning. the whistling was first reported by the tribeca citizen on a day after thanksgiving, a mon said he first heard the sound during hurricane sandy last year, and assumed it would be eliminate when the framework was funded. last week the neighbors say the trueman began whistling again with a two--toned cry, calling it unmistakable and chilling. so here it is. you judge for yourself. >> that was from last week. now last y
the sound that is turning heads at the freedom tower in new york city. listen to this. [ strange sound ] >> does anyone know what that is? don't miss our report after this. >>> welcome back. right now a new mystery surround one world trade center. for about a year new yorkers have reported hearing an eerie sound coming from the newly constructed billing. they call it haunting, and it's got a lot of people talking. rick joins us now. you did some investigative work. what did you...
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smog problems from china to mexico city. later this hour, we will show you the building that eats pollution for lunch. at first, there's trouble above the clouds. and it has to do with the most precious asset of all for business travelers. give me back my miles. that is next. and as we had to break, the spacex first commercial satellite launched late yesterday, finally. three earlier attempts were canceled due to technical issues. a communication satellite will be placed into orbit at a fixed point above the oars. -- above the earth. ? >> this is "lunch money" on bloomberg television, streaming live on bloomberg.com, your tablet and your smart phone. i'm adam johnson. it might be the coolest company you've never actually heard of. it creates the avionics behind pilot systems, autopilot, and drones will stop if it flies, it -- the chances are that rockwell is behind it. >> if you are flying on a 737, you will see a modern, new cockpit with a large amount of glass with additional capability. both head up and head down displays
smog problems from china to mexico city. later this hour, we will show you the building that eats pollution for lunch. at first, there's trouble above the clouds. and it has to do with the most precious asset of all for business travelers. give me back my miles. that is next. and as we had to break, the spacex first commercial satellite launched late yesterday, finally. three earlier attempts were canceled due to technical issues. a communication satellite will be placed into orbit at a fixed...
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jimmy kimmel is tracking the cities that curse the most and we found evidence to support the city at the top of the list. that and bill karins. we have a lot of weather going on around the country. you have time to shop for car insurance today? yeah. i heard about progressive's "name your price" tool? i guess you can tell them how much you want to pay and it gives you a range of options to choose from. huh? i'm looking at it right now. oh, yeah? yeah. what's the... guest room situation? the "name your price" tool, making the world a little more progressive. >>> time for sports starting with college hoops. major upset last night. north carolina stunning number one michigan state. the tar heels never trailed. they only allowed michigan state to tie it up late in the first half before getting a double digit lead. 79-65 the final. north carolina might actually get back in the top 25 now despite lowsing to belmont and uad so far this season. the u.s. olympic team, lindsey vonn completed her first training run. of course two weeks ago the olympic women's down hill champ partially retore on
jimmy kimmel is tracking the cities that curse the most and we found evidence to support the city at the top of the list. that and bill karins. we have a lot of weather going on around the country. you have time to shop for car insurance today? yeah. i heard about progressive's "name your price" tool? i guess you can tell them how much you want to pay and it gives you a range of options to choose from. huh? i'm looking at it right now. oh, yeah? yeah. what's the... guest room...
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and if we give more cities the tools to do it -- not handouts, but a hand up -- cities like detroit can do it, too. so in a few weeks, we'll announce the first of these promise zones, urban and rural communities where we're going to support local efforts focused on a national goal -- and that is a child's course in life should not be determined by the zip code he's born in, but by the strength of his work ethic and the scope of his dreams. [applause] and we're also going to have to do more for the long-term unemployed. for people who have been out of work for more than six months, often through no fault of their own, life is a catch-22. companies won't give their rÉsume an honest look because they've been laid off so long -- but they've been laid off so long because companies won't give their rÉsume an honest look. [laughter] and that's why earlier this year, i challenged ceos from some of america's best companies to give these americans a fair shot. and next month, many of them will join us at the white house for an announcement about this. fifth, we've got to revamp retirement to pr
and if we give more cities the tools to do it -- not handouts, but a hand up -- cities like detroit can do it, too. so in a few weeks, we'll announce the first of these promise zones, urban and rural communities where we're going to support local efforts focused on a national goal -- and that is a child's course in life should not be determined by the zip code he's born in, but by the strength of his work ethic and the scope of his dreams. [applause] and we're also going to have to do more for...
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this city fought the release of the 9/11 tapes. and new york is not legally bound to make them public. when they disrelease them they scrubbed them heavily. you didn't hear the voices of those who had perished. >> that's the thing about these newtown tapes. it's not so much that -- you're not hearing anything horrific on the tapes. but it's the knowledge of what is occurring in the listener's mind that makes them chilling. >> absolutely. compared to some 911 tapes we've all heard and even played on the air, they are not as horrific. no one whose died voices on the tape you. can't hear any children in the background. so it's not that the tapes are so inflammatory or horrible in and of themselves but they are representative of an event that is probably the worst american public crime since 9/11. >> i think that some of them are pretty desperate. and it is hard to listen. to i only listened to a very few of them trying to make a judgment as to whether to use them. i think when people hear them if they do they will be very upset. you k
this city fought the release of the 9/11 tapes. and new york is not legally bound to make them public. when they disrelease them they scrubbed them heavily. you didn't hear the voices of those who had perished. >> that's the thing about these newtown tapes. it's not so much that -- you're not hearing anything horrific on the tapes. but it's the knowledge of what is occurring in the listener's mind that makes them chilling. >> absolutely. compared to some 911 tapes we've all heard...
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. 20 below in rapid city. we will see the cold air not just pay stay put but expand through parts of texas, arkansas up into ohio are going to deal with cold temperatures. highs only in the 20's. in louisville, little rock and also the city of dallas by this saturday and a dangerous situation also setting up with some of the cold air at the surface. we have warmer temperatures over riding that cold air at the surface. we will be seeing icing out here from texas including the city of dallas all of the way up to ohio with anywhere between a quarter of an inch to about three quarters of an inch, heather and ainsley. that means power outages will be possible including arkansas, missouri and slippery roadways. it will be a huge concern with possible car accidents as well. send it over to you. >> thank you, maria. >> other stories, the man accused in last month's shooting at lax is being denied bail at his first court appearance. the judge saying he is a flight risk and danger to the community. he is charged with ki
. 20 below in rapid city. we will see the cold air not just pay stay put but expand through parts of texas, arkansas up into ohio are going to deal with cold temperatures. highs only in the 20's. in louisville, little rock and also the city of dallas by this saturday and a dangerous situation also setting up with some of the cold air at the surface. we have warmer temperatures over riding that cold air at the surface. we will be seeing icing out here from texas including the city of dallas all...
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the peak tech school that ibm in new york city, the colleges in new york city, the new york city department of education, and our union actually put together. it got a lot of attention because the president mentioned it in the state of the union, than the president went to see it, but this is a fantastic school. it's a school where ibm has back-mapped from what the entry position, the skills required for the entry position in ibm is, and we have put a six-year program together that also is aligned with the common core critical thinking, and every body, you go to the school, everybody loves it. so it is actually helping re- envision what career tech ed should look like in this new economy, and frankly, there is a lot of really great career tech ed schools throughout the country. toledo has one that is a terrific school, that has been aligned with gm. aviation high school in new york city, aligned with the aviation industry. transit tech in new york city. so i think there is some steam and a headwind that could actually push perkins through the gate, but it has to be formulaic. meaning we hav
the peak tech school that ibm in new york city, the colleges in new york city, the new york city department of education, and our union actually put together. it got a lot of attention because the president mentioned it in the state of the union, than the president went to see it, but this is a fantastic school. it's a school where ibm has back-mapped from what the entry position, the skills required for the entry position in ibm is, and we have put a six-year program together that also is...
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today an american teacher was gunned down in benghazi, libya, the city where the u.s. ambassador was killed lastier by islamic mill fants. here's bob orr. >> reporter: as he and his wife anita left texas for libya ronnie smith made this video for his austin church. he talked about his need to spread a spiritual message. smith worried about adapting to a foreign culture but said faith would guide him. >> if there is any single person in the entire universe that you can take a chance on, it's god. >> reporter: smith took a job teaching chemistry at the international school in benghazi. this morning as he was jogging along this street, smith was shot and killed by gunmen riding in a black jeep. no one has claimed responsibility. but suspicions are focused on islamic militants. since u.s. ambassador chris stevens and three other americans were killed in benghazi 15 months ago, wernhaers ve been targets. in tunee th u.s. state department warned all u.s. citizens against traveling to benghazi. and the october capture of al qaeda an rattive abu anas al-libi in tripoli only ad
today an american teacher was gunned down in benghazi, libya, the city where the u.s. ambassador was killed lastier by islamic mill fants. here's bob orr. >> reporter: as he and his wife anita left texas for libya ronnie smith made this video for his austin church. he talked about his need to spread a spiritual message. smith worried about adapting to a foreign culture but said faith would guide him. >> if there is any single person in the entire universe that you can take a chance...
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salt lake city. you see the story here. these are technology hubs that have the skilled labor force, but they also create jobs for low wage workers. >> it's well said. and ross, i think you just made directly or indirectly the single best argument for staying in school. we still have about 3 million kids every year who are dropping out of high school. ross duvall, thank you very much. >> you wanted to stay in the basin just to drive the trucks. >> you know that midland, texas, now has the single highest per capita income of any zip code in the united states? more than greenwich, connecticut? >> i'm not surprised. >> more than the boys in 90210, melrose, andrew shue. it's midland, texas, number one. >> i want to see you driving an oil rig. >> i might be. >> danger, danger ahead. >>> still ahead -- i'll get my cdl. the best picks in the single hottest sector in the stock market right now which is related to what we just talked about. >> that's awe clue. >>> and later on, the triumphant return of the high-top sneaker. hi honey
salt lake city. you see the story here. these are technology hubs that have the skilled labor force, but they also create jobs for low wage workers. >> it's well said. and ross, i think you just made directly or indirectly the single best argument for staying in school. we still have about 3 million kids every year who are dropping out of high school. ross duvall, thank you very much. >> you wanted to stay in the basin just to drive the trucks. >> you know that midland, texas,...
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words, i'm not sure that raising the minimum wage is going to help deep seeded cultural problems in our cities and elsewhere, and that's part of my disappointment with president obama because i think he is jerry rigging a case that is not there to be made. >> look, first of all, i'm in total agreement that raising the minimum wage isn't going to solve all our cultural problems. what it will do is give a bit of a boost to low wage workers. jimmy and i have a big disagreement on the facts. there is some evidence of diminished mobility. there's very strong evidence of a stagnant middle class income. to be arguing about that -- jimmy, wait a second. >> oh, come on. >> if you two want to go off in your fantasy land, please. >> they're not going to -- they're not going to disrespect the opinion by trying to shut us up. >> i'm talking about well-established research by the congressional budget office, by the census bureau. >> that's what i'm talking about, too. >> yeah, well, look. the president will be fact checked, i'm sure, in the washington post. >> and by me. >> if that comes up wrong -- >> gent
words, i'm not sure that raising the minimum wage is going to help deep seeded cultural problems in our cities and elsewhere, and that's part of my disappointment with president obama because i think he is jerry rigging a case that is not there to be made. >> look, first of all, i'm in total agreement that raising the minimum wage isn't going to solve all our cultural problems. what it will do is give a bit of a boost to low wage workers. jimmy and i have a big disagreement on the facts....
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ceo of health care partners, but mostly as a doctor the practice for over 20 years in an urban inner-city hospital in los angeles, serving primarily seniors and other disadvantaged patients where i saw that without equivocation, the fee-for-service mentality of the original medicare, or as we like to refer to it, fever volume, is not coordinating care for seniors. -- key for falling. seniors have multiple chronic diseases who are vulnerable and especially those that are poor and with fewer resources need an ideal system, a system that helps with great information and a physician advisor to help them navigate through a very difficult and complex health care system, and manages them longitudinally across time. as a physician i can tell you that every physician i know manages his or her patients with great desire to be the best outcome that does that have the infrastructure to coordination and resources to follow that patient longitudinally through their health care needs. and that is the one major advantage that coordinated care population health managed care, however you choose to name it,
ceo of health care partners, but mostly as a doctor the practice for over 20 years in an urban inner-city hospital in los angeles, serving primarily seniors and other disadvantaged patients where i saw that without equivocation, the fee-for-service mentality of the original medicare, or as we like to refer to it, fever volume, is not coordinating care for seniors. -- key for falling. seniors have multiple chronic diseases who are vulnerable and especially those that are poor and with fewer...
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new york city and that is my group with these wonderful brewers from new york city. ashley: do they go hand-in-hand with the jewish religion? >> jews don't drink beer, that is totally not true, total fiction and has been a wonderful hanukkah this year. we had events all over the country and we sell hebrew, the chosen be in 35 states around the country and it is a great way to celebrate the season. ashley: i am sure it wasn't easy to get going for any small business but what advice would you give to someone out there? >> small breweries are very popular. more than ever and it is wonderful, great quality beers, a passionate individuals. new york city brewer's gilda's growing, kkaft beers is growing like mad so wonderful new passionate young people are getting involved. there's a lot of competition whether it is for financing or real estate or consumers. it is about passion and creativity and having a unique angle. ashley: you are putting in the hard work but what about the state of the economy? people in the mountains drink more? >> they say beers is recessionproof but
new york city and that is my group with these wonderful brewers from new york city. ashley: do they go hand-in-hand with the jewish religion? >> jews don't drink beer, that is totally not true, total fiction and has been a wonderful hanukkah this year. we had events all over the country and we sell hebrew, the chosen be in 35 states around the country and it is a great way to celebrate the season. ashley: i am sure it wasn't easy to get going for any small business but what advice would...
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the kansas city star was rated more in favor of reform than all of the other major newspapers in the united states combined. as nelson told an interviewer, "i do not want the editorials to be a lot of literary essays. i want to get things done." he followed up with an editorial in the "star" that rejected the builder- he is a recall to his work rather than a man on horseback. after his arrival from africa, talk about his candidacy. napoleone clubs like in the spring of 1910. >> the impact on the american progressive movement to win back the white house, sunday on c- span three american history tv. "washington journal" continues. we want to welcome back to the program hakeem jeffries, sit on the wedges committee. --sits on the budget committee. congress near to a budget deal. what do you know? ryan: i know that chairman and chairwoman mary have been working along with the other members of the conference committee to arrive at an agreement, which is what congress should be doing. we need to increase or reduce the harmful impacts of the sequester, as it relates to what took place this y
the kansas city star was rated more in favor of reform than all of the other major newspapers in the united states combined. as nelson told an interviewer, "i do not want the editorials to be a lot of literary essays. i want to get things done." he followed up with an editorial in the "star" that rejected the builder- he is a recall to his work rather than a man on horseback. after his arrival from africa, talk about his candidacy. napoleone clubs like in the spring of 1910....
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city employees and firefighters and tension. no matter how the deal was cut years ago, they will be cut now. before they receive the pension, who gets paid first? the bond holders and the big boys. there is something dopely flawed and it's not one party or the other. it's the whole system and a couple of decades that have been going wrong. >> the people who have been having these hikes in compensation packages are not reinvesting in job growth and productivity. it feels like fun money, but it is getting recycled and put into funds that are not necessarily then trickling down to create more jobs. that's a change too. over the course of a generation and people used to invest in making jobs. i don't think that's happening. they are investing in making more money. >> you talked about your dad putting you guys in a car on sunday and riding around and taking a look. this is where the rich people live up on the hill in the big houses. your father thought and he was right, that you could get a big house one day. >> one day i will. we li
city employees and firefighters and tension. no matter how the deal was cut years ago, they will be cut now. before they receive the pension, who gets paid first? the bond holders and the big boys. there is something dopely flawed and it's not one party or the other. it's the whole system and a couple of decades that have been going wrong. >> the people who have been having these hikes in compensation packages are not reinvesting in job growth and productivity. it feels like fun money,...
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the citi thankyou preferred card. now earn 2x the points on dining out and entertainment, with no annual fee.to apply, go to citi.com/thankyoucards >>> wow. >> that's right. the show "moon shiners" gives us a look at the illegal world of moon shining. >> what is this? >> i'm doing some modifications. i'd rather not have my name attached to something that's got it on it. >> in order to drink, it's hotter. >> pretty good. >> but one of the moon shiners will no longer have to take cover of darkness to fire up his still. tim smith has now opened up his own legal moonshine distillery and he is joining us right now. he's the star of the hit show "moonshiners." welcome. >> thank you. >> you have good news? >> yes. >> tell me about it. >> you've gone legit. >> we got a bottle of moonshine here. >> his climax moonshine. >> more a long time. people in your family have for years. but that's been illegal. now you've gone legal because -- and what makes this moonshine legal as opposed to stuff in the still? >> it's in a bond disti
the citi thankyou preferred card. now earn 2x the points on dining out and entertainment, with no annual fee.to apply, go to citi.com/thankyoucards >>> wow. >> that's right. the show "moon shiners" gives us a look at the illegal world of moon shining. >> what is this? >> i'm doing some modifications. i'd rather not have my name attached to something that's got it on it. >> in order to drink, it's hotter. >> pretty good. >> but one of the...